Re:People no longer believe working hard will lead to a bett...
by Ancalagon on Monday January 20, 2020 @01:11PM
(#22100804)
Completely secure investments have low interest rates, sure. But, imo, this argument falls apart if you look at investing into any form of real estate and any semi-desirable area.
That's what has been true until how. But is it still true for the future? Interest rates are low, money is cheap. The rare resources are connections and cleverness.
If you inherit wealth, it's likely that you also got some connections. But life in that rich bubble, does it prepare the heir for the future where change is happening faster than ever before?
>It Is Difficult to Get a Man to Understand Something When His Salary Depends Upon His Not Understanding It
It's difficult to take advantage of change when your wealth depends on maintaining the status quo.